Which of the Following Is an Example of an Accrued

question 80

Multiple Choice

Which of the following is an example of an accrued expense?

• A) Office supplies purchased at the beginning of the year and debited to an expense account.
• B) Property taxes incurred during the year, to be paid in the first quarter of the subsequent year.
• C) Depreciation expense.
• D) Rent earned during the period, to be received at the end of the year.

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Definitions:

Like Terms

Terms in an algebraic expression that have the same variables raised to the same power, and therefore can be combined.

Simplify

To make something less complicated or easier to understand, often by reducing it to its basic components.

Collect Like Terms

The process of simplifying mathematical expressions by combining terms with the same variables.

Collect Like Terms

In algebra, this means to combine terms that have the same variable parts into a single term.